Silver Hits 13-Year High Amid Safe-Haven Rush

Silver prices reached levels not seen since 2012, as investors look for alternative safe-haven assets beyond gold. In other news, the UN called for ratifying the High Seas Treaty, aiming to convert 30% of international waters into marine protected areas (MPAs). 

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Silver Surges to 13-Year High Amid Renewed Safe-Haven Demand

Silver prices surged to their highest level since 2012 on June 5, following a technical breakout as investors seek alternative safe-haven assets beyond gold. Spot silver briefly reached US$36.07/oz during early trading, marking its highest level since February 2012, before easing slightly to around US$35.90, marking a 2.6% gain for the day.

Trump Invokes Defense Act to Boost Critical Mineral Supply

President Donald Trump is preparing to invoke emergency powers to bypass certain legal requirements under a law intended to boost US production of critical minerals and defense-related materials, according to Reuters.

Capitan Silver to Acquire Concessions From Fresnillo

Capitan Silver entered into a Letter of Intent (LOI) to acquire seven mineral concessions from leading silver producer Fresnillo in Durango. The concessions are located next to the company’s Cruz de Plata project. The seven concessions Capitan Silver intends to acquire total 2,171.4ha, located immediately adjacent to and surrounding Capitan Silver’s Cruz de Plata silver-gold project.

Orla's Camino Rojo Shows 4.16Moz AuEq Underground Resource

Canada-based Orla Mining releases its first underground Mineral Resource Estimate (MRE) for its Camino Rojo deposit in Zacatecas, outlining a Measured and Indicated Resource of 4.16Moz AuEq. The estimate supports a strategic shift toward a potential underground operation for the sulphide deposit.

In Mining, Finland Literally Rocks—and Latin America Is Booming

Heidi Virta, Director, Business Finland, notes that with 80% of mines globally using a Finnish component, the country is now increasing its focus on Latin America's mining sector, including Mexico. Through a new program, Business Finland aims to strengthen partnerships and offer expertise in sustainable and efficient mining to meet rising demands from the global energy transition.

Torex Gold Inaugurates 8.4MW Solar Plant in Guerrero

Canada-based gold and base metals company Torex Gold inaugurated its solar plant for its Morelos Mining Complex in Guerrero. The plant is expected to reduce the company’s gas emissions by 4%, contributing to the company’s environmental goals by 2050.

Mexico’s Steel Exports Tumble 60% Amid Escalating Tariffs

Following a sharp 60% drop in steel exports to the United States in April, Mexico has urgently appealed to Washington to reconsider the newly imposed 50% tariff. President Claudia Sheinbaum calls the tariff unjustified and harmful to bilateral trade.

UN Urges High Seas Treaty Ratification

The UN urges countries to move toward ratifying the High Seas Treaty to enforce its regulations, aiming to put 30% of international waters into MPAs. UN Secretary General António Guterres warned of some countries' intentions to enter into deep-sea mining, saying that the seabed “cannot become the wild west.”